Figures UK Accountancy

News & Insights

Expert Accounting Tips & News

Explore our News & Insights for expert accounting tips, industry news, and practical advice to help your business thrive financially.

Tax
MTD for Income Tax 2026: What the £50k Threshold Means for Peterborough Sole Traders

Making Tax Digital for Income Tax 2026 explained. What qualifying income means, who's in scope, and how to prepare for April 2026 compliance.

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Tax
The April 2027 MTD Deadline: Are You Earning Over £30,000?

Government timeline for MTD rollout continues. April 2027 brings MTD to sole traders earning £30,000+. Start digital record-keeping now to avoid panic later.

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Tax
Corporation Tax Returns: Complete Filing Guide for Peterborough Limited Companies

Complete guide to UK corporation tax returns and CT600 filing. Understand filing deadlines, tax calculations, common mistakes, and HMRC compliance requirements for your limited company.

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Tax
Xero vs. HMRC Portal: Why You Can No Longer File Tax Returns the Old Way

HMRC portal is no longer MTD-compliant. Learn why third-party software like Xero is mandatory and why it's the gold standard for compliance.

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Tax
How to Use Dext Solo with Xero to Automate Your Quarterly MTD Updates

Step-by-step guide: automate receipt capture with Dext Solo and feed data directly into Xero. Simplify MTD quarterly reporting and eliminate manual expense entry.

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Tax
Making Tax Digital Penalties: What Happens if You Miss a Quarterly Update?

HMRC's points-based penalty system explained. Late submission penalties, escalation rules, and why professional support prevents fines entirely.

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Business
Accountants for Sole Traders: Complete Guide

Complete guide to specialist accounting support for solo business owners. Real-time bookkeeping, Making Tax Digital compliance, VAT management, and strategic tax planning to transform your business.

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Business
Accountants for Sole Traders

Specialist accounting support for solo business owners. Real-time bookkeeping, Making Tax Digital compliance, and strategic tax planning to help your business grow.

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Tax
Tax responsibilities as an Etsy seller

If you sell on Etsy, understanding your tax obligations is crucial. We break down what you need to know about income tax, VAT, and record-keeping for marketplace sellers.

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Tax
Introduction to the Non-Dom Tax Regime in the UK

The non-domicile tax regime can significantly affect how international earners are taxed in the UK. Here's a clear introduction to help you understand how it works.

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Business
Future-Proofing Your Business

How do you ensure your business is ready for whatever comes next? We share practical strategies for building financial resilience and planning for long-term success.

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VAT
Pros and cons of the flat rate scheme

The VAT flat rate scheme can simplify your VAT accounting and sometimes save you money — but it's not right for every business. We weigh up the advantages and disadvantages.

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Tax
Corporate interest restriction

The corporate interest restriction rules can limit how much interest expense a company can deduct. We explain what this means for businesses with financing arrangements.

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Business
How to Prepare for a Business Sale

Thinking about selling your business? Proper preparation is essential to maximise value and ensure a smooth transaction. Here's what you need to do financially.

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Business
How To Handle Business Debt

Business debt can feel overwhelming, but with the right approach it can be managed effectively. We share practical steps for getting on top of what you owe and planning a way forward.

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Business
Accounting For Non-Profits

Non-profit accounting has its own rules and requirements. Whether you run a charity, CIC or community group, we explain the key accounting considerations you need to be aware of.

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Tax
Tax Returns Checklist

Make sure your self assessment tax return is complete and accurate with our handy checklist. We cover everything you need to gather before filing to avoid errors and penalties.

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Tax
How To Correct Your Tax Return

Made a mistake on your tax return? Don't panic. We walk you through the process of correcting errors with HMRC and what to expect if an amendment is needed.

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Business
Essential Tips For Efficient And Accurate Payroll Management

Payroll errors can be costly and time-consuming to fix. We share our top tips for keeping your payroll accurate, compliant, and running smoothly month after month.

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Business
Essential Expert Accounting Tips From Figures UK

From keeping on top of bookkeeping to planning ahead for tax — our expert team shares their most valuable accounting tips to help your business stay financially healthy.

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